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What Is a Short Sale? - Zillow Learn what a short sale is, how it compares to foreclosure, and why it’s important to consider all your selling options before making a long-term decision
Short Sales - 4 Things You Must Know | Zillow In this article: What Is a Short Sale? How Does the Short Sale Process Work? How Does a Short Sale Impact your Credit? How Long Until You Can Buy Again? Other Considerations What is a Short Sale? A short sale occurs when the bank allows a homeowner to sell a home for less than what is currently owed to the bank For example, if you owe the bank $200,000 but sell the home for $180,000 (and can
Short Sale vs. Foreclosure - Pros Cons | Zillow Short Sale or Foreclosure: Which Option Is Better for You? If a financial hardship situation has put you in a position where you cannot remain in your home any longer, you have two options: short sale or foreclosure Find out what might be best for you
What Is a Bridge Loan? - Zillow A bridge loan is a short-term financing option designed to cover the financial gap between selling a current home and purchasing a new one Bridge loans can be used to finance a down payment or closing costs on a new house before your current home is sold, allowing you to make an offer without the contingency of selling your current home first
Why Do Short Sales Take So Long? - Zillow A good short sale listing agent will properly advise the seller and have a thorough knowledge of the bank and its process before your offer is accepted Here’s a look at why short sales can take so long, along with tips for what you can do about it
How Does a Court-Confirmed Probate Sale Work in Real Estate? Properties sold in probate court can be a good deal, as they’re often priced lower than other homes But there are risks, and probate sales often take longer than traditional real estate transactions
Contingent vs Pending: Whats the Difference? | Zillow The buyer can waive their contingency to close the sale before a competing offer “kicks” them out of the deal Contingent short sale: The seller has accepted an offer below their remaining mortgage balance to close the sale in a short period of time, typically due to an upcoming foreclosure What does pending mean in real estate?